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Feb 9, 2013
02/13
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the u.s. trade gap narrows as the world buys more made in america products and the u.s. buys less foreign oil. >> susie: and with gas prices rising, chevy hopes its new diesel chevy cruze will attract buyers looking for more miles per gallon. >> tom: that and more tonight on "n.b.r." >> susie: millions of people are bracing tonight for a powerful snow storm that could cripple the east coast. some forecasters say this could be the blizzard of the century with record amounts of snow and extremely strong winds. in parts of the northeast, transportation was shut down. the governors of massachusetts and connecticut declared a state of emergency and banned car travel, train service and cancelled flights in and out of boston. while the worst of the storm has yet to hit, many businesses and cities were busy making preparations today. erika miller reports. >> reporter: this monstrous storm is already being compared to the great blizzard of '78, when vast amounts of snow blanketed the ohio valley and the great lakes. that storm lasted 36 hours, leaving cars stranded. this storm co
the u.s. trade gap narrows as the world buys more made in america products and the u.s. buys less foreign oil. >> susie: and with gas prices rising, chevy hopes its new diesel chevy cruze will attract buyers looking for more miles per gallon. >> tom: that and more tonight on "n.b.r." >> susie: millions of people are bracing tonight for a powerful snow storm that could cripple the east coast. some forecasters say this could be the blizzard of the century with record...
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Feb 13, 2013
02/13
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u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to come from tonight's state of the union. suzanne pratt, "n.b.r.," new york. >> susie: still ahead, why ailing smartphone maker blackberry is hoping the sports market will help it on its road to recovery. we'll explain in tonight's "beyond the scoreboard." a "silly sideshow--" that's what apple c.e.o. tim cook called a recent lawsuit filed by hedge fund manager david einhorn. speaking at a goldman sachs technology conference today, cook also said apple is considering einhorn's proposal to issue preferred stock and re
u.s. economy and profits for this year. on top of that, financial conditions in the eurozone are still a threat to u.s. stocks. >> with the market at current levels, which... basically looks like they're priced for perfection, there doesn't leave a lot of room for any disappointing news. and there are a lot of areas that could create disappointing news. >> reporter: weissberg says many market pros believe stocks are headed higher, but they need a catalyst, and that's unlikely to...
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Feb 15, 2013
02/13
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the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren buffett is buying h.j. heinz, the biggest food company acquisition ever. we'll have more on american in a moment, but we begin tonight with buffett and that surprising mega-food deal. the billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for $28 billion. the private equity group and buffett's berkshire hathaway are paying $72.50 a share in cash. that's a 20% premium over heinz's closing price yesterday. ruben ramirez reports. >> reporter: the oracle of omaha now has
the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is merging with u.s. airways, creating the world's largest airline company; and warren...
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Feb 22, 2013
02/13
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the u.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, and will it continue? erika miller reports. >> reporter: selling was heavy in crude oil today, as it was in most commodities. but crude also fell on new inventory data showing a big jump in oil supplies. >> today we had an inventory number which came out, which we were expecting a build of around two million barrels. we got a build of around four million barrels. >> reporter: across the room, gold futures were little changed. although industrial metals like platinum and palladium got slammed. grain prices also plunged, with whe
the u.s. economy is not adding jobs, the claims for uninsurance benefits up pas past-- combined with continued worries about economic growth lead the major stroke averages lower within the s&p 500 off by 9.5. >> susie: stocks weren't the only investments falling today. many commodities also ended lower, on top of steep declines yesterday. u.s. oil futures fell to there lowest point this year, closing at $92.84 a barrel. so what's at the root of the commodities sell-off, and will it...
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Feb 12, 2013
02/13
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u.s. economy. we preview the economic state of the union. why regulators need to treat them like other business. then u.s. airways sees big benefits in merging with american airlines. we look at the new landscape for airlines if the deal goes through. we have that anmore tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they struggle with less take home pay, and worries about their jobs. while there are signs of improvement in the economy, the unemployment rate rose in january to 7.9%. so what is the current state of the economy? erika miller talked to two experts with different views. >> reporter: it may seem strange to many investors that the stock market can be hovering at five- year highs, when the economy is so weak. but what's fueling the rally is not the current situation, it's hope. >> we've taken out some of the downs
u.s. economy. we preview the economic state of the union. why regulators need to treat them like other business. then u.s. airways sees big benefits in merging with american airlines. we look at the new landscape for airlines if the deal goes through. we have that anmore tonight on nbr. president obama is preparing to deliver his first state of the union address of his new term, tomorrow. the american people will be listening carefully to his plans to grow the economy, especially as they...
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Feb 9, 2013
02/13
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but the results were better here in the u.s. with a surprise jump of about 1%, thanks to mcdonald's popular dollar menu. as for mcdonald's shares, up slightly to about $95 a share. >> susie: just two days after the u.s. post office said it will stop saturday deliveries so it can save money. we get more details on how bad things are. the u.s. postal service today reported a loss of more than $1 billion for its first fiscal quarter. that's the october to december period and tom, it's usually the strongest time of year for the post office thanks to holiday cards and packages, but there was as sharp drop in mail volume and this just makes a case for congress to help fix the finances of the post office. >> tom: it looks like it could be a difficult saturday tomorrow on the east coast for all those mail cariers with the snowstorm coming through. in our market focus here, susie, on this friday night, stocks were able stocks crept higher even as many traders paid more attention to the weather. the s&p 500 moved up at the opening bell, h
but the results were better here in the u.s. with a surprise jump of about 1%, thanks to mcdonald's popular dollar menu. as for mcdonald's shares, up slightly to about $95 a share. >> susie: just two days after the u.s. post office said it will stop saturday deliveries so it can save money. we get more details on how bad things are. the u.s. postal service today reported a loss of more than $1 billion for its first fiscal quarter. that's the october to december period and tom, it's...
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Feb 16, 2013
02/13
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all get at least half their revenues outside the u.s. figuring out the international exposure of your potfolio may not be as simple as it once was. but it's still important. foreign stocks typically don't move in lock-step with u.s. stocks. and that can help reduce the risk in your portfolio, if the u.s. market turns south. erika miller, "n.b.r.," new york. >> tom: we'll have more on emerging markets in just a bit with market monitor guest marshall front of money manager front barnett and associates. stocks struggled to gain ground again today, as we learned the nation's manufacturers tapped the brakes in january. production slowed from november and december's robust pace with factory output falling 0.4% last month. on wall street, the dow rose eight points, the nasdaq fell six, the s&p down 1.5 points. the major averages were basically flat on the week. the dow and nasdaq down less than 0.1% the s&p 500 up 0.1%. in washington, this week's theme was the middle class. president obama underlined that in his state of the union address as di
all get at least half their revenues outside the u.s. figuring out the international exposure of your potfolio may not be as simple as it once was. but it's still important. foreign stocks typically don't move in lock-step with u.s. stocks. and that can help reduce the risk in your portfolio, if the u.s. market turns south. erika miller, "n.b.r.," new york. >> tom: we'll have more on emerging markets in just a bit with market monitor guest marshall front of money manager front...
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Feb 22, 2013
02/13
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the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online now to pbskidsgo.org and play some electric company games. you can win points forll of your favorite people, or your most favorite person, me, manny spamboni. now go, because the next time i see you, i better have more points. you're almost there! i need that cheese. you got it, you got it! come on, buddy, i need the cheese. and didn't we know how to a...da -- sorry. (laughter) ooh, i threw my neck out! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib. hewlett-packard's turnaround gains traction, c.e.o. meg whitman in with a winning quarter and an improved outlook. >> tom: i'm tom hudson. from weakening demand, to currency concerns, we look at what's behind the big selloff in commodities. >> susie: and u.s. companies and infrastructure are increasing under the threat of cyber attack. we look at a new plan tying safeguards to trade policy. >> tom: that and m
the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online now to pbskidsgo.org and play some electric company games. you can win points forll of your favorite people, or your most favorite person, me, manny spamboni. now go, because the next time i see you, i better have more points. you're almost there! i need that cheese. you got it, you got it! come on, buddy, i need the cheese. and didn't we know how to a...da -- sorry. (laughter) ooh, i threw my...
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Feb 16, 2013
02/13
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investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds holding international stocks. by comparison, mutual funds holding u.s. stocks suffered their first outflows of the year. investment advisors say small investors may be on to something. >> international investing has had a bad reputation over the last couple of years had a bad experience, p
investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >>...
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Feb 1, 2013
02/13
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he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia, brazil, mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time, build wealth for retirement is building to be by owning equities. i certainly think they need to own a good chunk of u.s. equities. now saying that, the growth, we have hundreds of millions of people around the world that are coming into the middle class. their wages are rise. they want cars, washing machine, all the things we take for granted that is where the growth is going to be. we're in a mature economy. our population is only growing 1%. japan's declining, a lot of western europe is declining. so i agree that you need to invest internationally to take advantage of that growth. but i disagree that you cannot find some favorable retur
he also recommends to go out the u.s. and buy global stocks and currencies from countries like the ones he mentioned, australia, brazil, mexico and canada. what do you think of that bill growth assessment? >> well, you know n my opinion, and really for our clients here as wells fargo advisors, i mean i still firmly believe that one of the best way force people to build wealth over time, build wealth for retirement is building to be by owning equities. i certainly think they need to own a...
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Feb 25, 2013
02/13
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this deal markets just the latest buyout of u.s. energy fields by a foreign company.thes in health care with irish drf maker elathete drgta of an offer from a pharmaceutical investment firm.rg royalty pharma said it approached elan last week about a take over. after talks, the offer was $6.6 billion, or $11 per share. e e two companies reportedly havnot had any talks since. shares of elan rallied 5.1%, closing above the offer price, indicating the market thinks a higher price could be coming. just this montnnelan ahounced a $3.3 billion deal tsell ian i share of multiple sclerosis drug the drug accounts for most of elan's revenue. bio-pharmaceutical company affymax was a half billion dollar firm friday. tonight its market value is un mr 00$1illion with its share price cratering 85%.00 after reports of severe allergic reactions, and some deaths in kidney disease patients taking its anemia drug, affymax yanked the medi tneff ohe market.ff ur tfo of four of the five most actively traded exchange traded products owwe lreer.er the s&p 50
this deal markets just the latest buyout of u.s. energy fields by a foreign company.thes in health care with irish drf maker elathete drgta of an offer from a pharmaceutical investment firm.rg royalty pharma said it approached elan last week about a take over. after talks, the offer was $6.6 billion, or $11 per share. e e two companies reportedly havnot had any talks since. shares of elan rallied 5.1%, closing above the offer price, indicating the market thinks a higher price could be coming....
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Feb 8, 2013
02/13
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u.s. airways stock was higher on the speculation, rising 3.8%. u.s. airways shareholders would likely get a minority stake if they merge with american airlines. stocks of other major air carriers rallied as well. delta air lines rose 2.7% to a new 52 week high. united continental gained 1.6% to within almost a dollar of a new yearly high. the possibility of online gambling coming to the garden state. new jersey governor chris christ)"Ñpgnounced his support to legalize internet gambling in his state. if it happens, new jersey would be one of the first states to allow it. that support was enough to get gaming stocks moving up. caesars entertainment jumped 18.6% to its highest price since july. boyd gaming saw a more modest 2.7% rally, but volume more than quadrupled. as erika reported earlier in the program, january retail sales are coming in, but so did a warning from the parent company of ann taylor. ann, as the company is known, warned that its fourth quarter sales and margins will be weak, blaming super-storm sandy, and disappointing products at it
u.s. airways stock was higher on the speculation, rising 3.8%. u.s. airways shareholders would likely get a minority stake if they merge with american airlines. stocks of other major air carriers rallied as well. delta air lines rose 2.7% to a new 52 week high. united continental gained 1.6% to within almost a dollar of a new yearly high. the possibility of online gambling coming to the garden state. new jersey governor chris christ)"Ñpgnounced his support to legalize internet gambling in...
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Feb 15, 2013
02/13
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the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online to pbskidsgo.org and you can take clips from the show make your own video, music video, or even a video about me, manny spamboni! now go, so i can watch it! (cackling) we've been walking for a half hour and we only got from the see slide to the... (laughter) you are not you're -- (laughter) nice! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib. tom is off tonight. hungry for a deal, warren buffett partners up to buy up ketchup maker heinz in a $28 billion deal. the u.s. airways/american airlines merger is ready for take-off, and the companies say they see no turbulence ahead from washington regulators. and senate democrats offer their plan to head off the sequester's sharp spending cuts. we get the details from michigan senator debbie stabenow. we have that and more tonight on "n.b.r." two big sweetheart deals on this valentine's day: american airlines is
the u.s. department of education's ready to learn grant, and viewers like you, thank you. go online to pbskidsgo.org and you can take clips from the show make your own video, music video, or even a video about me, manny spamboni! now go, so i can watch it! (cackling) we've been walking for a half hour and we only got from the see slide to the... (laughter) you are not you're -- (laughter) nice! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening. i'm susie gharib....
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Feb 26, 2013
02/13
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. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the end of a surprisingly good earnings season, and a muddled outlook for corporate profits in 2013. >> we've seen first quarter earnings growth expectations shrink to just a little over 0% from expectations of 3% or 4%. so, it's almost as if for every percentage point companies were beating fourth quarter numbers analysts were cutting the first quarter numbers by a similar amount. >> reporter: so even if sequestration doesn't kill the stock market rally. it could certainly amplify a correction that may have already gotten started. suzanne pratt, "n.b.r.," new york. >> tom: as suzanne mentioned, we're
. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the...
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Feb 23, 2013
02/13
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what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still belv normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in china with the consumer there who is kind of been pushed and pulled between stim lutz and pulling back the stimulus from beijing? >> that is an area that we do like. besides the long-term secular growth of rising wealth in china, we also now have a new leadership in place in china and that's given more confidence to the chinese consumer, and we think we're going to see continued growth in that parent of the global economy. >> tom: you've described this as a barbell approach. on one end the united states, on the other end you like china. that's leading you to technology. xlk is the ticker symbol. why do you
what gives you confidence in u.s. housing? >> tom, there's a couple factors that we like about u.s. housing. first is that there's still a fair amount of pent-up demand for housing. housing starts are running at levels still belv normal. normally we'd see about 1.5 million starts. we're at 900,000. plus interest rates are very low making affordability high. we think the combination of pent-up demand and affordability will help propel the housing market. >> tom: what about over in...
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Feb 15, 2013
02/13
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so, while u.s. airways might lose some, they might actually get some enhancements, as well. >> reporter: but before loyalty programs can be combined, regulators will have to approve the merger. at least one antitrust expert thinks it's a done deal. >> yes, i think the merger is going to be approved because it's taking two competitors who aren't as effective in competing right now, allowing them to consolidate, create significant efficiencies, and those efficiencies will lead to lower prices and better service for consumers. >> reporter: we'll have a better idea if that prediction holds true when and if the deal closes sometime this summer. suzanne pratt, "n.b.r.," new york. >> susie: our next guest says the u.s. airways and american airlines merger is a positive for the industry and travelers. he's ray neidl, airline analyst at nexa capital. ray, if this is such a positive for the industry, why is it that all of the airline stocks were down today? >> well, i have been telling people about u.s. air w
so, while u.s. airways might lose some, they might actually get some enhancements, as well. >> reporter: but before loyalty programs can be combined, regulators will have to approve the merger. at least one antitrust expert thinks it's a done deal. >> yes, i think the merger is going to be approved because it's taking two competitors who aren't as effective in competing right now, allowing them to consolidate, create significant efficiencies, and those efficiencies will lead to...
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Feb 8, 2013
02/13
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., regions of the u.s. are likely to grow more rapedly as a result of manufacturing coming home. and the types of products that can be built there. >> tom: so much of that manufacturing went overseas for lower production cost. if it comes back to the u.s., can it still hold the line and maintain margins and profitability? >> well, i think there's enough inflation going on in some segments of the lower value added manufacturing overseas that companies are seriously looking at the drivers of their cost. and what they are finding is that the inefficiencies of distance, communication, language and-- are just really too high as this point. and that the differentials on wages and materials costs have come down to the point that it makes much more sense particularly for company that has to develop products quickly, get them to market quickly, to do them here at home. >> one of those advantaged manufacturers you do like in the scenario is united technologies makes carrier air conditions, aches otis elevator, pratt
., regions of the u.s. are likely to grow more rapedly as a result of manufacturing coming home. and the types of products that can be built there. >> tom: so much of that manufacturing went overseas for lower production cost. if it comes back to the u.s., can it still hold the line and maintain margins and profitability? >> well, i think there's enough inflation going on in some segments of the lower value added manufacturing overseas that companies are seriously looking at the...
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Feb 5, 2013
02/13
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. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture those
. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago...
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Feb 7, 2013
02/13
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. >> reporter: although the u.s. economic recovery stalled out at the end of last year, there's hope for a rebound this year. at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity
. >> reporter: although the u.s. economic recovery stalled out at the end of last year, there's hope for a rebound this year. at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at...
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Feb 26, 2013
02/13
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and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think that even we slip into sequestration it will have the same dramatic effect that the fiscal cliff and the debt ceiling had. it is seen as somewhat temporary. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vul
and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think...
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Feb 16, 2013
02/13
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. play awesome electric company games and earn points for your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? i'm great at telling people what to do. hey kids! pick up that trash. kidding with these, right? hey! (sneezing) bless you! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off tonight. the easy talk, but difficult plans to meet the challenge of creating more middle class jobs. finance ministers and central bankers from the world's biggest economies meet to debate spending cuts versus growth. we look at international investing and pockets of strength around the globe. and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-y
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. play awesome electric company games and earn points for your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? i'm great at telling people what to do. hey kids! pick up that trash. kidding with these, right? hey! (sneezing) bless you! captioning sponsored by wpbt >> this is n.b.r. >> tom: good evening. i'm tom hudson. susie is off...
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jack lew was confirmed as the next u.s. treasury secretary just a while ago, by a senate vote. >> tom: it's more bad news from j.c. penney. after the bell it posted fourth quarter results, coming in well below expectations. penney's lost $1.95 a share in the last three months of 2012, it was far worse than the $0.18 per share loss analysts had forecast. over the last year, the stock has lost about half of its value, it fell below falling below $20 a share in after hours trading. >> reporter: well, you can't say >> reporter: well, you can't say j.c. penney c.e.o. ron johnson isn't trying new things, he's rolled out a series of changes to help revive the company since making the leap from apple to penneys in late 2011. first was a change to price strategy, going for "every day" value pricing, instead of sales and coupons, in an effort to keep it simple for shoppers, but today it announced it's starting weekly sales. then, store re-designs, setting up mini stores within a store, featuring shops from levi's denim, liz claiborne
jack lew was confirmed as the next u.s. treasury secretary just a while ago, by a senate vote. >> tom: it's more bad news from j.c. penney. after the bell it posted fourth quarter results, coming in well below expectations. penney's lost $1.95 a share in the last three months of 2012, it was far worse than the $0.18 per share loss analysts had forecast. over the last year, the stock has lost about half of its value, it fell below falling below $20 a share in after hours trading. >>...
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock, in italy and in washington, cause investors to dump stocks. it's the worst day for wall street since the november elections. >> tom: i'm tom hudson. with $85 billion in federal spending cuts just days away, we talk with congresswoman cathy mcmorris rodgers. >> susie: and the man who founded barnes and noble wants to buy his bookstores back, but he has no interest in the company's electronic book reader b&n's nook business. >> tom: that and more tonight on "n.b.r."! >> susie: a sharp sell off on wall street today, as stocks suffer
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock,...